Economic growth data from China for the April - June quarter 2025

Q2 GDP +1.1% q/q, strong data just a touch below Q1

  • expected +0.9%, prior +1.2%

Q2 GDP +5.2% y/y for a beat of expectations also

  • expected +5.1%, prior +5.4%

Given the headwinds facing China's economy (tarrifs!) this is very impressive data. Economic growth exceeded the government's full-year target. Strong exports to markets outside the US helped sustain production.

Out at the same were 'activity data' for June 2025:

china factory
Source: Forex Live